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☆ Vanguard launches two new ETFs to hit this sweet spot of tax-free fixed income
▼ + stars: | 2024-02-09 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Investors with a focus on tax-free income have two new choices to consider from Vanguard as the asset manager launches a pair of municipal bond exchange-traded funds. Tax advantages The biggest selling point for municipal bond funds is the tax-free income they provide. VTEC follows the S & P California AMT-Free Municipal Bond Index, while VTEI tracks the S & P Intermediate Term National AMT-Free Municipal Bond Index. However, in November, $2.8 billion in assets flowed into intermediate-term muni bond funds, followed by another $2.3 billion in December, Morningstar found. said Foos of municipal bond funds.

Persons: Beth Foos, there's, VTEI, Jeffrey Johnson, Johnson, Morningstar, it's Organizations: Vanguard, California, Bond, Federal Reserve, Morningstar, York Life Investments, Free Municipal Bond Index, Free Municipal Bond, muni, Treasury Locations: California

☆ Opinion | The Church of Group Fitness
▼ + stars: | 2023-07-26 | by ( Jessica Grose | ) www.nytimes.com time to read: +3 min

Some talked about clubs that formed organically in their neighborhoods or towns, like that Colorado hiking group. But they found community — and more — in CrossFit, a group class that involves a variety of high-intensity exercises and weight lifting. CrossFit also has parallels with some religious organizations in terms of the potential to alienate people who disagree with conservative-aligned beliefs. Petrzela described an unsavory side of group fitness involving entitled star instructors and the businesses that profit from them. Still, there are many positives to glean from group fitness.

Persons: Jeffrey Johnson, Louis, ” Johnson, ” Casper ter Kuile, ”, Johnson, CrossFitters, There’s, CrossFit, Greg Glassman, George Floyd, Covid, Natalia Mehlman Petrzela, Petrzela, Ter Kuile, Angie Thurston Organizations: Harvard Divinity School Locations: Colorado, Illinois, St, Haiti, CrossFit

☆ These short-term muni ETFs can give investors a healthy tax-free yield
▼ + stars: | 2023-03-30 | by ( Jesse Pound | ) www.cnbc.com time to read: +5 min

Municipal bond funds can be particularly attractive to investors who face a high tax burden, because their payouts are tax exempt. The new funds haven't been active long-enough to show an official yield, but the more established iShares Short-Term National Muni Bond ETF (SUB) has a tax-equivalent yield of 4.74%. Another factor in favor of municipal bonds is the uncertain economic environment and fear of a possible recession. The BulletShares fund family from Invesco offers several different muni funds with different maturity target dates for investors looking for more specific time-frames. That group expanded with the Invesco BulletShares 2032 Municipal Bond ETF (BSMW) , which launched on March 1.

☆ Globus Medical's $3 bln deal for NuVasive to fortify spinal business spooks investors
▼ + stars: | 2023-02-09 | by ( Raghav Mahobe | ) www.reuters.com time to read: +2 min

Feb 9 (Reuters) - Globus Medical Inc (GMED.N) said on Thursday it would acquire peer NuVasive Inc (NUVA.O) in an all-stock deal valued at about $3 billion to build scale in the competitive market for spinal devices. NuVasive shareholders will receive 0.75 of Globus shares, implying a per-share offer of $57.72 and a premium of about 26% to Wednesday's close. Shares of Globus Medical fell more than 17%, with analysts raising concerns around deals in spinal device space. "We both have very rich product portfolios to still develop," said Globus Medical Chief Executive Officer Daniel Scavilla. NuVasive shareholders will own about 28% of the combined company, while Globus shareholders will own the rest.

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